Solstice Labs is set to launch the interest-bearing synthetic stablecoin USX and native staking protocol on Solana this summer.

Blockbeats

04-29

BlockBeats News, April 29th, according to TheBlock, Solstice Labs announced that it will launch an interest-bearing synthetic stablecoin USX and a native staking protocol on the Solana blockchain this summer. USX achieves delta-neutral yield through arbitrage and staking strategies, fully backed by USDT and USDC to maintain the peg, and holders can access the YieldVault protocol.

Currently, stablecoins on the Solana blockchain account for over 5% of the total $238 billion stablecoin market cap. The CEO of Solstice Labs stated that USX will transparently provide retail users with income opportunities traditionally exclusive to institutions in DeFi.

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